Forecast: International Tourism Receipts in Egypt

International tourism receipts in Egypt have exhibited significant fluctuations from 2013 to 2023. In 2013, receipts stood at 6.747 Billion US Dollars and saw an increase in 2014 but faced a sharp downturn in 2016. The industry rebounded strongly in 2017 and continued to grow until 2019. The year 2020 marked a severe drop due to the global pandemic; however, recovery was noted in 2021 and 2022 with 31.2% growth in 2022. By 2023, receipts had achieved 14.72 Billion US Dollars, reflecting a 16.7% year-on-year increase.

Future trends indicate moderate growth from 2024 to 2028, with a forecasted CAGR of 0.99%, projecting international tourism receipts to reach 15.665 Billion US Dollars by 2028.

Key trends to watch for include:

• Impact of global economic conditions on travel willingness and capability
• Effects of geopolitical stability in the region
• Implementation and influence of travel incentives and marketing strategies by the Egyptian government
• Technological advancements and their integration in travel experiences